User 263421

Market Vectors Africa ETF: The Dark Continent's Shining Star

The changes that we've seen in the continent are more than cosmetic - the power sharing agreement reached in Zim is an improvement on the Kenyan one - people are listening and learning! Zambia is having a steady transition after the death of its president - elections in a couple of months. Nigeria just posted 6.7% quarterly growth and for first time it's not underpinned by oil. Zuma case thrown out - SA is choosing a businessman over someone who doesn't believe in Aids despite his shortcomings - go figure...

Africa is coming of age, yes it will be penalized with the world events, but it doesn't mean that the returns are not there or available for the taking - you may just not find the leverage you're looking for. This is more than a commodity boom led change, there are internal fundamentals driving the growth of these countries